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China's New Ship Orders Rose 3-Fold in H1
Jul 14,2010 11:34CST
data analysis

BEIJING, July 14 -- China's new ship orders increased 3-fold to 23.78 million deadweight tons in the first half of this year, accounting for 46.2% of the world's total, according to a statement published on the website of the Ministry of Industry and Information Technology.

In the period from January to June, the country's output of completed ships surged 86.7% year on year to 29.63 million DWT, accounting for 41.1% of the world's total.

China's outstanding orders, of which 87% are for exports, amounted to 184.27 million DWT at the end of June, 2.1% less than at the end of 2009. The total existing orders make up 37.7% of the world's total.

In the first five months of this year, the country's ship exports surged 53.3% year on year to US$16.04 billion, while its ship imports rose 17.83% year on year to US$667 million. China exports its ship products to 144 countries and region around the world, with Asia and Europe the major export destinations.



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